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Dec 8, 2012
12/12
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sandy. who knows how high we could have been if it weren't for that darn hurricane? yet the market barely blinked. yet the potential layoffs if we go over the cliff make these rearview numbers seem almost irrelevant to the market. hence the mixed performance of the averages today. sure, dow gained 81 points, but the s&p barely budged, edging up 29%. and the nasdaq actually declined .38%, led once again by the slip sliding away apple, which you know i like, but how many times during a particular show can i say i like it? so with that in mind, what's the game plan for next week? first off, perhaps the most important day of the week is monday. but not for any earnings. not for any releases. that's when we process the results of the weekend talk shows, which you now have to watch as if we were instead of watching, you know, college gameday, i'm watching like some of those other news stations -- and then of course sunday morning whoever -- you don't even pay attention -- football means nothing no
sandy. who knows how high we could have been if it weren't for that darn hurricane? yet the market barely blinked. yet the potential layoffs if we go over the cliff make these rearview numbers seem almost irrelevant to the market. hence the mixed performance of the averages today. sure, dow gained 81 points, but the s&p barely budged, edging up 29%. and the nasdaq actually declined .38%, led once again by the slip sliding away apple, which you know i like, but how many times during a...
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Dec 5, 2012
12/12
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. >> at 5:30 devastating blow for residents on the even shore for victims affected by superstorm sandy. fema has announced who will receive funds. >> they are denying individual assistance for citizens. that is certainly bad newings for a lot of people. >> it is. this announcement by fema and the obama administration is receiving shock from all elelingted officials in maryland who have some start of tie to the eastern shore. senators pleaded once again with the fema director for help. >> people woke up to this headline "u.s. denies aid to storm victims." this is the picture. >> the senator speaks wednesday at a sub committee on capitol hill expressing sadness and disbelief that fema denied the state's request for individual assistance for residents affected by superstorm sandy. also in attended was another senator who pointed out why the state was spared 30 inches of snow still fell and areas around the crab capitol were destroyed by flooding. >> if you live in parts of maryland you are suffering as much as any community in this storm. >> both the governor and fema director have pledge
. >> at 5:30 devastating blow for residents on the even shore for victims affected by superstorm sandy. fema has announced who will receive funds. >> they are denying individual assistance for citizens. that is certainly bad newings for a lot of people. >> it is. this announcement by fema and the obama administration is receiving shock from all elelingted officials in maryland who have some start of tie to the eastern shore. senators pleaded once again with the fema director...
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Dec 10, 2012
12/12
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superstorm sandy. would bring it down by about 80,000. on the other side of the equation, you actually had an early thanksgiving, which could have added some jobs as employers pulled forward their normal seasonal hiring. so the 146, or 147, is about the same as- > 147,000 jobs created. > > right. is about the same as what has been created over the last two years. in 2011 the number was about 150,000 on average. in 2012, 150,000 on average. > it's also based on - at least the unemployment rate of 7.7% - it went down a little bit - based on the fact that there were fewer people looking for work, not more people finding work. > > sure. at the end of the day, i think there are really two things, and i harp on these each and every time i come on the show, that are kind of driving unemployment in this country. one, i think there's a structural problem. i don't think the fed is going to be able to have people create more jobs, because there is a problem with a mismatch of skills. there are two articles in friday's wall street journal that kind o
superstorm sandy. would bring it down by about 80,000. on the other side of the equation, you actually had an early thanksgiving, which could have added some jobs as employers pulled forward their normal seasonal hiring. so the 146, or 147, is about the same as- > 147,000 jobs created. > > right. is about the same as what has been created over the last two years. in 2011 the number was about 150,000 on average. in 2012, 150,000 on average. > it's also based on - at least the...
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economists say superstorm sandy also likely slowed job growth last month. negotiations on a budget deal will continue today. meanwhile, president obama says a northern virginia family is proof that a deal must get done before the end of the year. he met with tiffany and richard santana yesterday. the middle class couple is living with tiffany's parents to help make ends meet. she wrote about her struggles to the white house as part of a social media campaign. >> at first it was just that white house.gov was going to come and get a little more information about our story, and we really thought it was going to be that, just white house.gov coverage. as the days went on, we understood that that senior white house officials was the white house official. so it was pretty exciting for us. >> president obama and lawmakers now have less than four weeks to reach a deal to avoid steep tax hikes and spending cuts from taking effect. >>> 4:34 now. melissa mollet is at the live desk with breaking news. good morning, melissa. >> good morning. sirens are going off. a tsun
economists say superstorm sandy also likely slowed job growth last month. negotiations on a budget deal will continue today. meanwhile, president obama says a northern virginia family is proof that a deal must get done before the end of the year. he met with tiffany and richard santana yesterday. the middle class couple is living with tiffany's parents to help make ends meet. she wrote about her struggles to the white house as part of a social media campaign. >> at first it was just that...
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Dec 5, 2012
12/12
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. >>> a senate subcommittee held a hearing today on the response to the aftermath of superstorm sandy. maryland senators barbara mikulski and ben cardin were among those from states hard hit that testified. mikulski called for aid to communities on the eastern shore that are still suffering the effects of the storm and cardin spoke of the need to protect vulnerable areas from future storm damage. >>> one of the country's largest banks is looking to reduce its expenses and improve efficiency, but it's doing it by laying off thousands of workers. citigroup says it's eliminating 11,000 jobs. the majority of those cuts will come from citi's consumer banking unit. >>> do you think there are enough starbucks out there? apparently not. the seattle-based coffee chain plans to open 1,500 cafes in the u.s. over the next five years. there are already 11,500 starbucks in the nation and starbucks says it will have more than 20,000 stores around the world by 2014. >>> every now and then we hear about an invasive species that gets out of hand. that's the situation in mount rainier, maryland. one nei
. >>> a senate subcommittee held a hearing today on the response to the aftermath of superstorm sandy. maryland senators barbara mikulski and ben cardin were among those from states hard hit that testified. mikulski called for aid to communities on the eastern shore that are still suffering the effects of the storm and cardin spoke of the need to protect vulnerable areas from future storm damage. >>> one of the country's largest banks is looking to reduce its expenses and...
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Dec 3, 2012
12/12
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KRON
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tens of billions of dollars expect recovery efforts willl cost in new york after superstorm sandy. that story.. coming up. victims of super storm sandy in new york are expecting to get about 40 billion of dollars in federal relief to help cover the costs of damaged homes... transit systems... hospitals and more than three hundred thousand homes suffered serious damage. lawmakers are hoping to have a deal in place before the end of the year. more than 100 new jersey resients won't be allowed to return home until at least saturday... as crews continue to work to clear the hazardous gas that spilled when a freight train derailed on the train was knocked paulsboro... new jersey when a bridge collapsed. as many as five cars fell into the creek below. the political crisis in egypt appears to be worsening. earlier today islamist demonstrators carrying banners denouncing the nation's highest court prevented judges from entering the courthouse. the judicial system and president mohammed morsi have been butting heads ever since morsi granted himself sweeping powers... giving both him and the
tens of billions of dollars expect recovery efforts willl cost in new york after superstorm sandy. that story.. coming up. victims of super storm sandy in new york are expecting to get about 40 billion of dollars in federal relief to help cover the costs of damaged homes... transit systems... hospitals and more than three hundred thousand homes suffered serious damage. lawmakers are hoping to have a deal in place before the end of the year. more than 100 new jersey resients won't be allowed to...
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Dec 5, 2012
12/12
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despite surviving superstorm sandy the statue of liberty remains off limits to visitors. >> this is the "cbs morning news" for wednesday, december 5, 2012. >>> good morning. good to be with you. i'm terrell brown. we begin with negotiations to avert the so-called fiscal cliff both republicans and white house hold their lines and no formal talks yesterday. president obama said he wasn't ruling out some reductions in entitlement programs such as medicare and social security, meanwhile house speaker john boehner has to win over hard liners in his own party. susan mcginnis is following it all. >> reporter: hi. good morning. there are some glimmers of common ground here among the two sides that could form the basis of a deal. the president is now talking about actually lowering the tax rate for the top 2% not now but later. and republicans are now taking some heat over their latest plan a lot of it from within their own party. >> five, four -- >> reporter: house speaker john boehner led the countdown to the lighting of the capitol hill christmas tree last night. >> one. >> reporter: but a di
despite surviving superstorm sandy the statue of liberty remains off limits to visitors. >> this is the "cbs morning news" for wednesday, december 5, 2012. >>> good morning. good to be with you. i'm terrell brown. we begin with negotiations to avert the so-called fiscal cliff both republicans and white house hold their lines and no formal talks yesterday. president obama said he wasn't ruling out some reductions in entitlement programs such as medicare and social...
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. >>> there is a newest mat tonight on the cleanup costs from superstorm sandy. new jersey's governor chris christie says the storm caused $37 billion in damages to his state alone. today he made the rounds at the white house and on capitol hill. he's asking lawmakers for an additional $88$83 billion in zafltzaflt disaster aid for his state and new york and connecticut. >>> tonight dozens of couples are officially to tie the knot in maryland. governor martin o'malley signed the referendum on same-sex marriage into law. this was the first day gay and lesbian couples could pick up marriage licenses in the state. >> we're so excited that on our 30th anniversary we will be married. and how does it change our life? it just unites us completely. we always felt we were married, but now it's legal! >> same-sex marriages won't actually be legal until january 1st. last month maryland, maine and washington became the first states to approve same-sex marriage by popular vote. >>> recreational use of marijuana is legal if washington state, taking effect today. adults are allo
. >>> there is a newest mat tonight on the cleanup costs from superstorm sandy. new jersey's governor chris christie says the storm caused $37 billion in damages to his state alone. today he made the rounds at the white house and on capitol hill. he's asking lawmakers for an additional $88$83 billion in zafltzaflt disaster aid for his state and new york and connecticut. >>> tonight dozens of couples are officially to tie the knot in maryland. governor martin o'malley signed...
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Dec 6, 2012
12/12
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. >> greta: victims of superstorm sandy blasting the feds in a 60 seconds. first, let's go to the new york newsroom where ainsley earhardt is standing by with the headlines. >> police arresting software guru john mcafee in guatemala. he crossed into the country to evade authorities in belize who want to question him in connection with the murder of his neighbor. mcafee maintains he's innocent and he says that he left because he's afraid police will kill him if he's caught. authorities in guatemala say he was arrested for illegal entering the country. >>> the national weather service looking to change its hurricane warning system in the wake of superstorm. the agency said that it might start issuing watches and warnings for life threatening loer hurricanes or tropicalf or. critics argue that people in the rtheast didn't realize the dangers ofilled more than people in the u.s. now backoreta. thanks for wch fox. have a great night. >> you're the president of the united states. you've g t mighty pen out the b. bail out the amecan people th't have homes for the h
. >> greta: victims of superstorm sandy blasting the feds in a 60 seconds. first, let's go to the new york newsroom where ainsley earhardt is standing by with the headlines. >> police arresting software guru john mcafee in guatemala. he crossed into the country to evade authorities in belize who want to question him in connection with the murder of his neighbor. mcafee maintains he's innocent and he says that he left because he's afraid police will kill him if he's caught....
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Dec 7, 2012
12/12
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KPIX
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we'll find out today just how much superstorm sandy slowed job growth when the labor department releases the november employment report. on thursday the government reported weekly applications for jobless benefits fell sharply. the decline suggests the return to modest job growth that plunged during sandy's aftermath. some economists believe fewer than 100,000 jobs were added in november but others say if not for sandy job gains would have been at their highest since february. asian markets were lower. tokyo's nikkei lost a fraction while the hong kong hang seng also shed a fraction. michigan a long time bedrock of union employment could soon become the nation's 24th right to work state. protesters rallied at the state house and senate on thursday. both chambers passed separate bills banning mandatory union dues from non-union members. the republican governor said he would sign the bill when they are sent to him. tech stocks gave wall street a modest lift. the dow finished 39 points higher on thursday while the nasdaq was up 15 points. apple one of the tech stocks that led the stock mark
we'll find out today just how much superstorm sandy slowed job growth when the labor department releases the november employment report. on thursday the government reported weekly applications for jobless benefits fell sharply. the decline suggests the return to modest job growth that plunged during sandy's aftermath. some economists believe fewer than 100,000 jobs were added in november but others say if not for sandy job gains would have been at their highest since february. asian markets...
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Dec 6, 2012
12/12
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he's lobbying for more federal dollars for superstorm sandy recovery. new jersey governor estimates the storm did some $37 billion damage to his state. cameras were rolling as we caught the governor arriving at the white house this morning. and then he headed to capitol hill to meet with members of congress. >> good morning. >> going home, guys. see you later. >> aid for state, considering the fiscal cliff and this budget crisis we're in right now? >> heading home now, guys. not taking questions today. >> heading home now, he says. story's very personal for one teenager. back home, who faces the impact of superstorm sandy everywhere he turns. he saved his family when that storm hit. he lost his home. and his school. but he hasn't lost his spirit. poppy harlow spent a day with ryan panetta in the broad channel neighborhood in new york. this is queens. take a look. >> reporter: the sun isn't up at breakfast time for the panettas. how tired are you? >> very. >> reporter: they're living in a borrowed one-bedroom apartment with their parents. how long is you
he's lobbying for more federal dollars for superstorm sandy recovery. new jersey governor estimates the storm did some $37 billion damage to his state. cameras were rolling as we caught the governor arriving at the white house this morning. and then he headed to capitol hill to meet with members of congress. >> good morning. >> going home, guys. see you later. >> aid for state, considering the fiscal cliff and this budget crisis we're in right now? >> heading home now,...
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Dec 6, 2012
12/12
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sandy. maybe that is a good sign it's going stick around longer than the last one did. that is what is going on down here. the perfect weather and we wanted it to be cool. again, president the and mrs. obama and the girls have not arrived yet. when they do, the first thing is to get the tree lit. keep it here on fox 5. will? >> all right, sue, thank you. >>> surprised to hear the limos lighting up. the walk across the street. the first family, after all. we'll see you soon. >>> and we do have a little tree lighting history for you. the national christmas tree was placed on the e lips back in december 1923. that was the first one. on christmas eve, president calvin coolidge walkedhouse to light the tree. see, sometimes they do walk. over the years, the national christmas tree was located in sherman park, lafayette park, and on the south lawn of the white house. in 1954, it moved back to the ellipse and the traditional christmas eve lighting was moved to earlier in december. >>> i like to hear
sandy. maybe that is a good sign it's going stick around longer than the last one did. that is what is going on down here. the perfect weather and we wanted it to be cool. again, president the and mrs. obama and the girls have not arrived yet. when they do, the first thing is to get the tree lit. keep it here on fox 5. will? >> all right, sue, thank you. >>> surprised to hear the limos lighting up. the walk across the street. the first family, after all. we'll see you soon....
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Dec 7, 2012
12/12
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sandy. the storm destroyed 80% of seaside heights more than a month ago. the famous boardwalk was left in pieces. today governor chris christie asked the president and congress for more financial aid. christie says it's going to take $37 billion to recover and the president promises to help. >> he knows that our work is not done any more than the work in the states is done. >> president obama is expected to ask for $50 billion in storm relief for new jersey, new york and connecticut. >>> meantime, president obama made a special trip to virginia today to highlight his fix for the "fiscal cliff." the deadline for the president and congress to find a way to avoid tax increases and spending cuts is 25 days away. president obama made a special point to sit with a middle class family in virginia this afternoon. he was trying to offer an example of who would be hurt by the republican tax proposal. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to s
sandy. the storm destroyed 80% of seaside heights more than a month ago. the famous boardwalk was left in pieces. today governor chris christie asked the president and congress for more financial aid. christie says it's going to take $37 billion to recover and the president promises to help. >> he knows that our work is not done any more than the work in the states is done. >> president obama is expected to ask for $50 billion in storm relief for new jersey, new york and...
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Dec 5, 2012
12/12
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CNBC
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the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal. as i've been telling you we'll see a lot of big deals -- i was wrong. here we are. freeport mcmoran buying not one but two companies. the combined price if you add it all together gets close to $20 billion. that does include debt. let's go through some of the details. it's somewhat complex. let's start with bigger of the two deals. freeport's purchase of plains. approximately $6.9 billion in total now. it's a cash and stock deal. .6531 shares and 39 bucks a share in cash. that adds up to $50 a share. that's a fairly significant premium when we look at
the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal....
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Dec 5, 2012
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at some point through superstorm sandy and how that may have impacted the results in the northeast or the adp report is seen as an indicator for jobs report. we were given new unemployment rate that i can share with you. greg: citigroup says it is cutting 11,000 jobs. about 40% of the global workforce. this they are expected to save $1.1 billion per year, and is the first major action since the banking giant named a new ceo. the group is not saying exactly how many of these lost jobs will be here in the united states are you with that they plan to close 44 branches. we do pretty big news from citigroup. republican leaders calling on obama to sit down for a face-to-face negotiation on the fiscal cliff. this is just weeks ago before the deadline. right now, as you know, there is still no deal. those sites are still hundreds of billions of dollars apart. mike emanuel has more. reporter: hello, jenna. speaker john boehner says the republicans made a good-faith effort to avert a fiscal crisis. they say essentially this is now time for the president to be getting involved to respond to the
at some point through superstorm sandy and how that may have impacted the results in the northeast or the adp report is seen as an indicator for jobs report. we were given new unemployment rate that i can share with you. greg: citigroup says it is cutting 11,000 jobs. about 40% of the global workforce. this they are expected to save $1.1 billion per year, and is the first major action since the banking giant named a new ceo. the group is not saying exactly how many of these lost jobs will be...
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Dec 5, 2012
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significantly lower than what it saw in october but that was because of superstorm sandy, which it says effectively took 86,000 jobs out of the picture. the labor department reports overall job growth this friday. it says in october there was a gain of 171,000 jobs with the unemployment rate at 7.9%. >>> netflix big news yesterday when it announced an agreement with disney to start showing exclusively new disney movies beginning in 2016 streaming those movies for several months before they can be streamed or sold elsewhere. the "l.a. times" is reporting that netflix will pay disney upwards of $300 million a year in order to do that. but netflix got a big bump as stocks were up by 14% on the news. right now, netflix is pulling back a little bit down about 2.5%. overall market mixed right now with the dow up by 47 points. nasdaq is down by 9. the s&p up 1. apple weighing on the tech sector this morning shares down about 2.5%. michelle and frank, back to you. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. >>> well, we have something new for your coffee-aholics on your holiday
significantly lower than what it saw in october but that was because of superstorm sandy, which it says effectively took 86,000 jobs out of the picture. the labor department reports overall job growth this friday. it says in october there was a gain of 171,000 jobs with the unemployment rate at 7.9%. >>> netflix big news yesterday when it announced an agreement with disney to start showing exclusively new disney movies beginning in 2016 streaming those movies for several months before...
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. >>> there is a public outcry in maryland where federal officials say superstorm sandy did not do enough damage to merit aid to individuals. the federal government issued a disaster declaration for maryland and is helping to cover costs for repairing public property. but fema has denied a request for aid to hundreds of eastern shore residents. fema officials say the storm didn't cause enough damage to justify federal assistance for people who lost homes or businesses. state officials plan to appeal that. >>> tourists are getting a close-up look at lava flowing into the ocean from the kilauea volcano on hawaii's big island. lava cascading off 40-foot cliffs into the waters below. it's been erupting since 1983. but there has been an a recent increase in pressure and activity. this is the first time in nearly a year that the volcano has been volatile enough to send lava into the ocean. experts aren't sure how long this phenomenon will last. so a lot of tourists are making the most of it. pretty impressive pictures. >> we'll probably see that in the next episode of national geographic. >> th
. >>> there is a public outcry in maryland where federal officials say superstorm sandy did not do enough damage to merit aid to individuals. the federal government issued a disaster declaration for maryland and is helping to cover costs for repairing public property. but fema has denied a request for aid to hundreds of eastern shore residents. fema officials say the storm didn't cause enough damage to justify federal assistance for people who lost homes or businesses. state officials...
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Dec 6, 2012
12/12
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WBFF
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((break 2)) 3 3 3 ((bump in)) for children made homeless by superstorm sandy, christmas will be a bit merrier and brighter.. thanks to a 5-year-girl in southeast baltimore.keith ddniels tells us about the little girl's idea... that's now gone viral. sadie mirjafary is a 5-year-old álittle giil..á with aaábigá heart.... she's ccllecting toys for christmaa to be delivered to children made homeless bb ssperstorm sandy.(sadie) "i don't think santa clause will know where their houses.. ecause they don't have a house. i thiik i'm going to be the one to knows hat she's ágettingá holiday presents.. that makes her happy. so does the joy of ágivingá.(sadie) "i want likee they can have their toyss cause they don't have any toys anymore." sadie's toy drive started about two weeks ago.. after she saw a story pbout the ddvastation left kids toys...(ms. mirjaffry)" i 3 said yes, i didn't know how we were going to do it...." .........she ádidá it with faaebook, an event page. sadie asked for donationn.. child.. and the peeple responded.(ááánats up full: "what is all of that?" "it's a lot
((break 2)) 3 3 3 ((bump in)) for children made homeless by superstorm sandy, christmas will be a bit merrier and brighter.. thanks to a 5-year-girl in southeast baltimore.keith ddniels tells us about the little girl's idea... that's now gone viral. sadie mirjafary is a 5-year-old álittle giil..á with aaábigá heart.... she's ccllecting toys for christmaa to be delivered to children made homeless bb ssperstorm sandy.(sadie) "i don't think santa clause will know where their houses.....
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Dec 6, 2012
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>> greta: outraged victims of superstorm sandy blasting president obama and fema for leaving them out in the cold. more than a month after sandy battered the east coast, many people still without electricity, others struggling to rebuild their homes. and they say the feds are not giving them the help they promised. tonight in new york, fed up victims confronting government officials. wnyw reporter is live in balance hor borbalharbour queens with t. >> reporter: this meeting was a bit calmer than that. probably because it was inside of a church, but folks here just as frustrated with the entire process. you may remember that the cap for fema if you received the aid and go through all the red tape is just under $32,000 which seems like a decent amount. when you're talking about the cost of living here in the new york metro area, it's kind of like small potatoes. we were talking to one couple here, their home gutted, but they want to rebuild. they have to rebuild. this is the only area they've ever known to live in here, so they have nowhere else to go. they're going to have to reach int
>> greta: outraged victims of superstorm sandy blasting president obama and fema for leaving them out in the cold. more than a month after sandy battered the east coast, many people still without electricity, others struggling to rebuild their homes. and they say the feds are not giving them the help they promised. tonight in new york, fed up victims confronting government officials. wnyw reporter is live in balance hor borbalharbour queens with t. >> reporter: this meeting was a...
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Dec 7, 2012
12/12
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MSNBCW
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chris christie met with president obama to talk about aid following superstorm sandy. and the first family lights up their tree. now let's get you back to "hardball." >>> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> welcome back to "hardball." today president obama took his fiscal pitch outside the beltway visiting a middle class family in the virginia suburbs. the president's message is resonating with people across america. a new quinnipiac poll proves it. 53% trust president obama and the democrats more to handle the fiscal cliff negotiations. only 36% trust the "r"s in congress. joining me is nbc chief white house correspondent and political director and host of "the daily rundown," anything else you control around here? >> that's enough. >> and "the washington post's" chris cillizza. i think you've been reupped. you're all over the place. you'
chris christie met with president obama to talk about aid following superstorm sandy. and the first family lights up their tree. now let's get you back to "hardball." >>> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> welcome back to...
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Dec 6, 2012
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a new york family who lost everything after superstorm sandy are struggling to make a new life, and one of the biggest challenges is for 13-year-old star student in the family to just get to school. poppy harlow has the story. >> reporter: the sun isn't up for breakfast time for the panettas. >> how tired are you? >> very. >> they are now living in a borrowed one bedroom apartment with their parents. >> how long is your commute to school now? >> it feels almost like two hours. >> what did it used to be? >> 15 minutes. >> wow. >> reporter: 6:30 a.m. and they're out the door. a long car ride. >> have a go ahead day. >> reporter: then a bus to ryan's temporary school. ps 13. >> it's unreal how much our life has changed, and we're trying to make the best of it. >> reporter: he is an eighth grade honor student. one of 5,400 new york students still in different schools because of sandy zoosh he is the one that i think was probably impacted the most, and yet, he has the strongest will to be here every day. >> when something brings you down, you got to get up. >> you okay, buddy? what makes you
a new york family who lost everything after superstorm sandy are struggling to make a new life, and one of the biggest challenges is for 13-year-old star student in the family to just get to school. poppy harlow has the story. >> reporter: the sun isn't up for breakfast time for the panettas. >> how tired are you? >> very. >> they are now living in a borrowed one bedroom apartment with their parents. >> how long is your commute to school now? >> it feels...
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superstorm sandy was a small factor. >>> also weighing on job creation, the looming fiscal cliff at year's end. aides to president obama and house speaker john boehner, sitting down on thursday. but no progress was made. the sticking points, tax rates for wealthy americans, a possible lifting of the nation's debt ceiling and cutting spending on entitlements. >>> and in yet another bizarre twist in the bizarre saga of software tycoon john mcafee. mcafee was rushed to the hospital thursday from a detention center in guatemala city, after complaining of chest pains. he's now back in his cell and could be send back to belize, where police want to question him about the murder of his neighbor. >>> now, here's diane sawyer with a preview of tonight's "world news." diane? >> so, josh, it's friday. it's great to talk to you. and how about a holiday tradition for years? everybody wondering, what happened to the determined little boy they loved? well, he's all grown up. and he has a perfect gift for you. tonight, behind the scenes of a christmas classic. and he is our "person of the week" tonight. >
superstorm sandy was a small factor. >>> also weighing on job creation, the looming fiscal cliff at year's end. aides to president obama and house speaker john boehner, sitting down on thursday. but no progress was made. the sticking points, tax rates for wealthy americans, a possible lifting of the nation's debt ceiling and cutting spending on entitlements. >>> and in yet another bizarre twist in the bizarre saga of software tycoon john mcafee. mcafee was rushed to the...
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sandy. still, guys, the number much better than expected. few tuesday, which were down right before the numbers hit, turned around. they are now higher fractionally so a big turn for stock futures and better than expected jobs number for november. i can dig in more once i get to the website. but those are your headline numbers. better than expected. >> gillian, better than expected. a lot of people blamed hurricane sandy again but that's encouraging. >> i have two economists, a liberal, who both said it was going to be somewhere between 80,000 and 100,000 jobs -- say that go sandy was worth 80 -- negatively 80,000 to 100,000. you take 146,000 and this could have been a 200-plus number. >> it's interesting because it ties in with consumer data we've been seeing which actually, you know, is not great. it's not buoyant, but it's not bad. and you look at the fact what american households have been doing recently with debt and the degree of debt they've been repaying, sort of deleveraging. you ad
sandy. still, guys, the number much better than expected. few tuesday, which were down right before the numbers hit, turned around. they are now higher fractionally so a big turn for stock futures and better than expected jobs number for november. i can dig in more once i get to the website. but those are your headline numbers. better than expected. >> gillian, better than expected. a lot of people blamed hurricane sandy again but that's encouraging. >> i have two economists, a...
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and superstorm sandy brought devastated and will cost tens of billions of dollars and now the president is asking congress for 60 billion to help with the cleanup. peter doocy is live in washington with the latest on the recovery efforts. >> reporter: good morning, clayton, you're right the white house wrote a letter, the speaker of the house, to request 64.4 billion dollars and the number recommends funds needed to finance a recovery effort and help the region prepare for future challenges, including future severe storms and flooding as well as impacts associated with a changing climate. just because the white house is requesting 60.4 billion dollars doesn't necessarily mean it will be easily approved by the house of representatives, because money is tight right now and as spokeman for speaker boehner says simply, we have the request and we will review it. four u.s. senators from new york and new jersey, chuck schumer robert menendez and kirsten gillibrand says the money might get caught up with people wanting it elsewhere. and it's a tough fight in congress given the fiscal cliff and
and superstorm sandy brought devastated and will cost tens of billions of dollars and now the president is asking congress for 60 billion to help with the cleanup. peter doocy is live in washington with the latest on the recovery efforts. >> reporter: good morning, clayton, you're right the white house wrote a letter, the speaker of the house, to request 64.4 billion dollars and the number recommends funds needed to finance a recovery effort and help the region prepare for future...
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sandy. senators from new york, rhode island, connecticut and delaware testified before the committee on the challenges their constituents face in the aftermath of the storm and what's needed to move forward. >> good morning, everyone. thank you for joining us for this very important hearing on the response and recovery and the challenges before us to superstorm san joaquin. -- with sandy. we're here today to evaluate the response and recovery effortings in the aftermath of hurricane sandy which struck the northeastern united states on october 29, as the largest-sized storm system in u.s. history. hurricane sandy claimed the lives of more than 120 americans, destroying over 340,000 homes. and over 2 hub,000 businesses and leaving more than 8.5 million families without power, heat or running water for weeks. and i understand in a few neighborhoods and in a few buildings in new york and new jersey that still is the case. the scale of this disaster has created significant housing and transportat
sandy. senators from new york, rhode island, connecticut and delaware testified before the committee on the challenges their constituents face in the aftermath of the storm and what's needed to move forward. >> good morning, everyone. thank you for joining us for this very important hearing on the response and recovery and the challenges before us to superstorm san joaquin. -- with sandy. we're here today to evaluate the response and recovery effortings in the aftermath of hurricane sandy...
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sandy. >> thank you for joining us. i would like to understand better an aspect of the review. the question that i have arises from the interest-rate assumptions and the environment that is used to determine the prevailing view about the value of the mutual mortgage insurance fund. more specifically, you observe the fact that, the lower the interest-rate environment, -- he walked through the mechanisms by which lower interest rates, while good for the economy overall, tend to have an adverse affect on the fund. my understanding is the review contemplates a low interest-rate environment. in that environment, the value of the fund is -$31 billion. are we in a low interest rate environment today? maintaining current policy a least three years or so should that be the prevailing environment assumption? >> you make a very important point in terms of the fact that the review was done not today but at a point with economic projections in july, over the summer. it is accurate that interest rates hav
sandy. >> thank you for joining us. i would like to understand better an aspect of the review. the question that i have arises from the interest-rate assumptions and the environment that is used to determine the prevailing view about the value of the mutual mortgage insurance fund. more specifically, you observe the fact that, the lower the interest-rate environment, -- he walked through the mechanisms by which lower interest rates, while good for the economy overall, tend to have an...